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SINGAPORE (AP) -- Oil prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.
Benchmark oil for February delivery was up 19 cents to $90.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 45 cents to settle at $89.82 on Tuesday.
Oil rises above $90 amid US crude supply drop - Yahoo! Finance
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.
Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.
Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.
Stupid.
Have you looked at commodity prices recently. The market for our grains have gone up something like 50% this year causing hardships for the poor around the world. Thank the Fed with it's QE2. They have said they wanted inflation and are getting it where it hurts the poor disproportionately.
I didn't know that Obama had the power to set oil prices....or manufacture a crisis...
We need to tax gasoline more.
Due to better mileage, we use less of it, tax revenues are down.
Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution.
We all know that is an evil leftist plot to make us breathe cleaner air.
Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.
And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.
An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
All evil plots..surely we are doomed.
I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.
Since oil is a finite resource, and we know it is, are we really hoarders?
Cereal grains are higher due to poor crop harvests worldwide, due to droughts in key countries. I read that Russia won't be exporting any wheat this year.
Poor countries are in trouble, most certainly.
nah, just dumb for not exploiting it to make ourselves less dependant on other sources hostile to us, while at the same time not seriously putting in place other options to oil.
j-mac
Or dumb like fox...
So you want less taxes AND cheaper energy? BTW, cap and trade is dead .somehow I don't see Obama as being the one utilizing our resources to this extent. it would be great if he would, and at the same time pursue other energy agendas, keeping the American people in mind that pay for the energy, however, this is what he sees....
j-mac
So you do not think QE2 has anything to do with the runup in commodity prices. Go back to August when the Fed started hinting about Qe2 and look at what a variety of commdoities, including oil have done.
Liberals like me? I vote republican, and repent later. Always have, except for Jimmy Carter, the only president who ever tried to give us an energy plan.Hmmm....You didn't? Where you been? When Bush was in and oil hit record highs, liberals like you argued that exact thing.....Now it seems fuzzy?
Standard liberal response....."Tax, tax, tax...."
But wait, I thought that the 'Peak Oil' nuts argued the exact opposite?
Yep, and we said goodbye to Muscle cars....Shame.
No one said that, so straw arguments although fun, are not so productive....
Seems to me that liberals never think of the unintended consequences to their knee jerk actions.
Is that the reason, or could it be that highway funds are usually one of the first things raided by liberals to spend on their pet spending projects?
Again, probably due to increased spending with abandon. Not because we don't tax enough.
What can you see taking the place of coal?
the only thing I see as truly 'evil' Bill, is your attempt to minimize concerns. Or that liberals believe that the money I earn is theirs, and they "allow" me to keep some of it.
j-mac
I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.
Since oil is a finite resource, and we know it is, are we really hoarders?
So you want less taxes AND cheaper energy? BTW, cap and trade is dead .
Liberals like me? I vote republican, and repent later. Always have, except for Jimmy Carter, the only president who ever tried to give us an energy plan.
See, once you start going stupid, I tend to stop reading your posts.
BTW, today's muscle cars are far superior in performance to those of the 70's.....except the smell, old muscle cars dump a lot of partially burned fuel into the air, with lead as an octane booster. You really shouldn't breathe much of it, it makes you stupid.
Use less electricity by conserving (Architecture 2030 plan), and we will need fewer power plants, then use nuclear instead of coal.
No, they love us for it. They're drilling the gulf right now in droves while we refuse, too.
And it's not finite really. We've got 500 years of untapped oil in this planet, plenty of time to find an alternative. We've barely scratched the surface of the oil supply.
Yep. and Yep. Yeah, it's dead for now, until the next manufactured crisis comes out.....
You voted for Carter?...Oh my.
name calling? thanks for that Mr. Allensky.
eh, debate for another time....
Ok, I am for more nuclear, and whatever else you can think of. Just don't cut off the current energy til we have those in place, and working. Oh, and what do you think WVA, Western VA, KY, OH, and others in the coal producing belt will switch their jobs to?
j-mac
Yes, Carter....like I said, he had an energy plan. No other president since has even come close. Carter was an engineer, he understood energy issues far better than any president since.
Coal producing states will have to find ways to use coal in other ways. I looked it up once, there are lots of other uses for coal.
OR, instead of digging for coal, plant pot. There will always be a market for good pot...
Come close? he installs a couple of solar panels, and tells the American people to put on a sweater, meanwhile places price controls on fuel and causes a gas shortage? That is the best ever in your mind?
IOW, screw the coal producing states, got it.....
j-mac
Come close? he installs a couple of solar panels, and tells the American people to put on a sweater, meanwhile places price controls on fuel and causes a gas shortage? That is the best ever in your mind?
IOW, screw the coal producing states, got it.....
j-mac
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.
Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
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